Spacious Well Fitted Licenced Italian Restaurant | | Undisclosed East Sussex | | Situated in a parade, close to sea front, pier and town centre, EAST SUSSEX | | ADVERT NUMBER : 69906
ADVERT IMPRESSIONS : 9,640 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | LEASEHOLD: | £46000 | | | | | BUSINESS DETAILS: | Features : GROUND FLOOR ATTRACTIVE RESTAURANT ceiling with inset lighting with inset spotlighting. Tables and chairs providing seating for 70 persons. BAR with 2 hand pumps, double door glass fronted counter fridge, 2 glasswashers, ice machine, sink.
Ladies' cloakroom with 2 w.c's, 2 wash hand basins plus mirror
Gentlemen's cloakroom with 2 urinals, w.c. wash hand basin
STAIRS TO BASEMENT providing additional RESTAURANT area with tables and chairs providing seating for 30 persons. SMALL BAR.
BASEMENT KITCHEN fully equipped including 10-burner gas cooker, deep fryer, stainless steel tables, double sink and drainer, 1-double door stainless steel fridge, 1 5-door stainless steel counter fridge, 1 2-door stainless steel fridge, 2 additional fridges, double sink and drainer etc.
Staff cloakroom with w.c. and wash hand basin
Location : Situated in a parade, close to sea front, pier and town centre, EAST SUSSEX
Opening Hours : Monday - Saturday inclusive - 5 p.m. - 10.30 p.m.
Sunday opening - 12 noon - 10.30 p.m.
Turnover : WE UNDERSTAND the Restaurant was opened as Italian cuisine in approximately February, 2011 having previously traded as Indian cuisine. We are informed the turnover averages in the region of £3,000/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
Tenure : We understand the premises are held on a new 10 years lease from March, 2010 at a rental of £13,800 p.a. exclusive of rates up to March, 2012, we understand increasing at that time to approximately £20,000 p.a. exclusive of rates for the next 4 years (the present tenant is confident that subject to negotiation the rental could possibly remain at approximately £13,800 p.a. for some while longer), we further understand that there is a rent review after the first 5 years.
REALISTICALLY PRICED FOR EARLY SALE
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £46,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated by a husband and wife team with the assistance of 3 full time chefs plus 1 part time kitchen porter. In addition up to 6 part time waiters/waitresses employed. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
